The stock of XPO Inc (NYSE: XPO) has increased by 2.14 when compared to last closing price of 104.82.Despite this, the company has seen a gain of 3.62% in its stock price over the last five trading days. globenewswire.com reported 2024-06-06 that GREENWICH, Conn., June 06, 2024 (GLOBE NEWSWIRE) — XPO (NYSE: XPO), a leading provider of freight transportation in North America, today reported certain preliminary LTL segment operating metrics for May 2024. LTL tonnage per day increased 2.4%, as compared with May 2023, attributable to a year-over-year increase of 3.8% in shipments per day and a decrease of 1.4% in weight per shipment. Actual results for May 2024 may vary from the preliminary results reported above.
Is It Worth Investing in XPO Inc (NYSE: XPO) Right Now?
The price-to-earnings ratio for XPO Inc (NYSE: XPO) is 52.81x, which is above its average ratio. Moreover, the 36-month beta value for XPO is 2.13. Analysts have varying opinions on the stock, with 12 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for XPO is 114.06M and currently, short sellers hold a 4.31% of that float. On June 26, 2024, XPO’s average trading volume was 1.47M shares.
XPO’s Market Performance
XPO’s stock has seen a 3.62% increase for the week, with a -1.21% drop in the past month and a -12.87% fall in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 3.58% for XPO Inc. The simple moving average for the past 20 days is 1.13% for XPO’s stock, with a 9.56% simple moving average for the past 200 days.
Analysts’ Opinion of XPO
Many brokerage firms have already submitted their reports for XPO stocks, with Wells Fargo repeating the rating for XPO by listing it as a “Overweight.” The predicted price for XPO in the upcoming period, according to Wells Fargo is $125 based on the research report published on June 07, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see XPO reach a price target of $120, previously predicting the price at $115. The rating they have provided for XPO stocks is “Buy” according to the report published on May 24th, 2024.
TD Cowen gave a rating of “Buy” to XPO, setting the target price at $138 in the report published on May 06th of the current year.
XPO Trading at -2.61% from the 50-Day Moving Average
After a stumble in the market that brought XPO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.97% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -1.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.67% lower at present.
During the last 5 trading sessions, XPO rose by +4.28%, which changed the moving average for the period of 200-days by +50.81% in comparison to the 20-day moving average, which settled at $105.79. In addition, XPO Inc saw 22.23% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at XPO starting from Landry Allison, who sale 1,875 shares at the price of $104.52 back on May 23 ’24. After this action, Landry Allison now owns 6,965 shares of XPO Inc, valued at $195,975 using the latest closing price.
MFN Partners, LP, the 10% Owner of XPO Inc, sale 1,250,000 shares at $112.98 during a trade that took place back on May 15 ’24, which means that MFN Partners, LP is holding 11,425,369 shares at $141,222,334 based on the most recent closing price.
Stock Fundamentals for XPO
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.11 for the gross margin
The net margin for XPO Inc stands at 0.03. The total capital return value is set at 0.09. Equity return is now at value 20.28, with 3.47 for asset returns.
Based on XPO Inc (XPO), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 2.64. The interest coverage ratio of the stock is 2.93.
Currently, EBITDA for the company is 990.0 million with net debt to EBITDA at 3.67. When we switch over and look at the enterprise to sales, we see a ratio of 2.07. The receivables turnover for the company is 7.29for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
To wrap up, the performance of XPO Inc (XPO) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
